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50-02 5th Street, Long Island City, NY 11101 Property Information

50-02 5th Street, Long Island City, NY 11101 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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50-02 5th Street, Long Island City, NY 11101 1
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Address

Primary address 50-02 5th Street
Secondary address 2-49 51st Ave
Neighborhood Hunters Point
Zip code 11101
Borough Queens
Block & lot 00016-0025

Sales & Tax Overview for 50-02 5th Street, Long Island City

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 03/15/2011
Purchase price $10,250,000
Tax class
Estimated property tax $355,341

Lot & Building Information for 50-02 5th Street, Long Island City

Lot sqft 26,030
Lot dimensions 200 ft x 130.15 ft
Building class Office with Commercial - 1 to 6 Stories (O5) i
Building sqft 50,207
Building dimensions 200 ft x 130 ft
Buildings on lot 1
Stories 2
Year built 1971
Year last altered 2013
Construction type
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Zoning & Use for 50-02 5th Street, Long Island City

Zoning
Qualified opportunity zone
Commercial units 2
Office sqft
Conversion feasibility index i

Area Overview

Walk Score
Transit Score
Bike Score


School district 30
Community district 2
Closest police station 1.10 Miles
Closest fire station 0.27 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 50-02 5th Street, Long Island City

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 50-02 5th Street, Long Island City, NY 11101, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 50-02 5th Street, Long Island City, NY 11101, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 2-49 51st Ave, Long Island City, NY 11101

About 50-02 5th Street, Long Island City

How many sq. ft. does 50-02 5th Street, Long Island City, NY 11101 have & what is the price per sq. ft?

This Office with Commercial - 1 to 6 Stories (O5) located at 50-02 5th Street, Long Island City, NY 11101 has a total of 50,207 square feet and a current price per square foot of $204.

What is the year built & the current market value of 50-02 5th Street, Long Island City, NY 11101?

50-02 5th Street, Long Island City, NY 11101 was built in 1971 and has a current tax assessor's market value of $7,300,000.

How many commercial spaces does this building have?

This building has 2 commercial spaces available for lease.

Ownership Information for 50-02 5th Street, Long Island City

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Property owner name for 50-02 5th Street, Long Island City, NY 11101
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Building contacts for 50-02 5th Street, Long Island City, NY 11101
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Laura Pop-Badiu, Sep 10, 2025 How to Find Comps for Commercial Real Estate: A Step-by-Step GuideĀ 
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Past Sales & Property History for 50-02 5th Street, Long Island City

Create a free account to view the complete sales history for 50-02 5th Street, Long Island City, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
03/15/2011 $10,250,000

Title Documents for 50-02 5th Street, Long Island City

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
02/16/2018 - D
02/23/2018 - R
Satisfaction of Mortgage
(2018022001552001)
02/16/2018 - D
02/23/2018 - R
Termination of Assign of L&R
(2018022001510001)
02/15/2018 - R UCC3 Termination
(2018021500679001)
08/26/2015 - D
09/14/2015 - R
Sundry Miscellaneous
(2015082800768001)
04/13/2015 - R Initial UCC1
(2015040701255001)
04/07/2015 - D
04/16/2015 - R
Assignment of Leases and Rents
(2015041000315002)
04/07/2015 - D
04/16/2015 - R
Mortgage
(2015041000315001)
03/25/2011 - D
04/19/2011 - R
Satisfaction of Mortgage
(2011040700356002)
03/15/2011 - D
04/19/2011 - R
Deed
(2011040700356001)
01/19/2011 - D
04/19/2011 - R
Satisfaction of Mortgage
(2011040700356003)
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R: Recorded date
D: Document date

Property Taxes for 50-02 5th Street, Long Island City

Access detailed property tax data for 50-02 5th Street, Long Island City, NY 11101. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $348,907
Estimated property tax: $355,341
Tax assessor's market value: $7,300,000
Assessed value: $3,285,000

Assessment History for 50-02 5th Street, Long Island City

Here's the assessment & property tax history for 50-02 5th Street, Long Island City, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $7,300,000 $3,285,000 $3,216,330 10.848% $348,907 $348,907 +2.79%
2024/25 $7,009,000 $3,154,050 $3,154,050 10.762% $339,439 $339,439 -1.28%
2023/24 $7,214,000 $3,246,300 $3,246,300 10.592% $343,848 $343,848 +0.19%
2022/23 $7,164,000 $3,223,800 $3,223,800 10.646% $343,206 $343,206 +0.59%
2021/22 $7,050,000 $3,172,500 $3,172,500 10.755% $341,202 $341,202 -7.03%

Permits for 50-02 5th Street, Long Island City

The complete history of permits filed for 50-02 5th Street, Long Island City, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
11/18/2015 Alteration type 2
09/01/2015 Alteration type 2
08/12/2015 Sign
06/12/2015 Alteration type 2
06/12/2015 Alteration type 2
06/12/2015 Alteration type 2
06/12/2015 Alteration type 2
06/11/2015 Alteration type 2
06/11/2015 Alteration type 2
09/22/2014 Place of assembly
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Queens Commercial Market Stats

Access a detailed real estate market overview of Queens so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Queens and compare it to other boroughs in New York City.

Median Price/Sqft Q3/2025
$431
-0.5% YoY
Median Price/Sqft Q2/2025
$449
9.9% YoY
Median Price/Sqft 2024
$413
0.5% YoY

Check out recently sold homes in Queens and see how their prices compare.

Risk

FEMA flood zone(s): AE (See more on map)
Hurricane evacuation zone: 1 (See more on map)

Transportation

Distance to Subway
Closest station Vernon Blvd & 50th Ave at SW Corner
Station lines 7
Distance (miles) 0.14
View subway map
Bus Routes
Name Vernon BL/49 Av
Distance (miles) 0.152

Neighbors for 50-02 5th Street, Long Island City

Here are the neighbors for 50-02 5th Street, Long Island City, NY 11101.

Address Square feet Purchase date Purchase price
45-10 Vernon Blvd, Long Island City 17,225 01/07/2002
2-02 Borden Ave, Long Island City 1,500
52-20 2nd St, Long Island City 02/18/1969
46-16 Vernon Blvd, Long Island City 10/30/2017
5-46 46th Ave, Long Island City 126,980 10/30/2017
52-25 2nd St, Long Island City 01/21/1999
5-40 44th Dr, Long Island City 20,000
1-01 - 1-02 54th Ave, Long Island City
2-19 50th Ave, Long Island City
5-37 46th Ave, Long Island City 21,000 10/30/2017
5-35 A 54th Ave, Long Island City 02/07/2006 $14,577
44-68 Vernon Blvd, Long Island City 15,800 06/27/2013
4-75 48th Ave, Long Island City 684,862 10/04/2000
45-44 Vernon Blvd, Long Island City 4,975 05/24/2013
2-24 51st Ave, Long Island City 13,350 06/25/2020
2-16 Borden Ave, Long Island City 03/12/1984
55-01 2nd St, Long Island City 842,064 01/11/2023
51-24 2nd St, Long Island City 10/06/2009
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